The price of Bitcoin rose above the $100,000 mark on Wednesday for the first time, and one man believes he is the reason why.

“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together we will make America great again!” President-elect Donald Trump wrote in an early morning post on his Truth Social platform on Thursday.

The milestone came hours after Trump made his latest appeal to the crypto lobby. Trump has tapped Paul Atkins will lead the Securities and Exchange Commission as its next chairman, bringing a crypto-friendly face to the regulator’s chief and replacing Gary Gensler, who has been vilified by the crypto lobby.

Atkins, who now runs the consulting firm Pomak Global Partners, has chaired the Digital Chamber’s Token Alliance since 2017, whose mission is to promote best practices and recommend legal frameworks to advance the crypto industry. Atkins, a former SEC commissioner under former President George W. Bush, “recognizes that digital assets and other innovations are critical to making America greater than ever before,” Trump said.

This is one of the first signs that Trump may make good on his many promises to the crypto industry.

Trump – who once looked down on cryptocurrencies and called Bitcoin a “fraud” – called for one strategic national Bitcoin reservedeclares that everything should be Bitcoin dismantled in the USA and added his name to several crypto projects this year. He also promised to make the U.S. a “World capital” for crypto and set up a crypto advisory board. Earlier this year he did opened himself as a “crypto candidate” and “crypto president” while courting technology leaders.

As of 9 a.m. ET on Thursday, Bitcoin is price-wise at $103,025. It hit a high of $103,679 overnight, a big jump compared to its price of $1 in 2011.

If someone had invested $1,000 as recently as January 2024, they would have seen their investment grow by 120% in that year alone. If they had entered the market with a $1,000 investment just four years ago, at the start of the Covid-19 pandemic, they would have experienced 1,220% growth in that time.

—Vinamrata Chaturvedi contributed to this story.